It’s been a while since we took a look at how rents are comparing to home prices in the Seattle area. Both home prices and rents have been climbing quite a bit in the Seattle area lately. We would expect this with a booming local economy, but if home price gains been significantly outpacing rent […]
I’ve pointed out for years that geographic shifts can and do affect the median price, so it was nice to see none other than Lennox Scott (CEO of John L. Scott) joining the chorus in a recent Seattle Time’s piece. Lennox Scott, CEO of John L. Scott Real Estate, said the lower price in July […]
It’s time once again for the monthly reporting roundup, where you can read my wry commentary about the news instead of subjecting yourself to boring rehashes of the NWMLS press release (or in addition to, if that’s what floats your boat). I waited an extra day because there were only four articles out there about […]
July market stats were published by the NWMLS today. Before we get into our monthly stats, here’s a quick look at their press release. Pent up demand boosting Western Washington home sales and prices Pent-up demand continues to fuel home sales around Western Washington with millennials, military families and relocating workers vying for limited inventory. […]
July is in the books, so let’s have a look at our monthly stats preview. First up, here’s the snapshot of all the data as far back as my historical information goes, with the latest, high, and low values highlighted for each series: Sales came down just slightly from the multi-year highs they hit in […]
I am happy to announce that after suffering years of neglect and disarray, the Seattle Bubble Forums are back and better than ever.
With visits and comments here heating up as the market rises further and further into new bubble territory, I decided it was time to put in the work to bring our old forums back from the grave…
Let’s check out the three price tiers for the Seattle area, as measured by Case-Shiller. Remember, Case-Shiller’s “Seattle” data is based on single-family home repeat sales in King, Pierce, and Snohomish counties. Note that the tiers are determined by sale volume. In other words, 1/3 of all sales fall into each tier. For more details […]